#Accelerate DAO Locked Tokens#
Hot Topic Overview
Overview
Aiccelerate DAO, a DAO focused on crypto artificial intelligence, has sparked controversy for its insiders' rapid token dumps after the project launched. The project raised approximately $17.5 million on the Solana network and has a market cap of $150 million, but some insiders who participated in the presale, including Bankless Ventures and Eliza Labs founder Shaw Walters, quickly sold off their token allocations. In the face of community criticism, Aiccelerate DAO has pledged to implement a token lockup mechanism and vesting schedule for individual allocations to prevent similar events from happening again. The project has also suspended its X account, with the reason currently unknown.
Ace Hot Topic Analysis
Analysis
Aiccelerate DAO has promised to implement a token lock mechanism after controversy arose due to some insiders quickly selling their tokens after the project launch. The project raised 943 SOL (about $175,000) on the Daos.fun platform on the Solana network, of which $75,000 came from VIP investors. The project now has a market cap of $150 million, a near 1000x increase from its initial funding. Bankless Ventures was criticized for selling 10% of its allocation due to a "rash mistake" and later repurchased the tokens. In response to the controversy, the DAO stated, "We will implement a vesting structure for individual allocations and are discussing with advisors how to do the same for advisors." The project's X account was also suspended on Saturday for reasons yet to be disclosed.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Aiccelerate DAO pledged to introduce token lockup mechanisms in response to the controversy surrounding insider selling.
Aiccelerate DAO will add vesting structures in response to criticism of the launch.
Controversy arose from insiders quickly selling their token allocations.
Bankless Ventures was criticized for selling 10% of its allocation in a "rash mistake" and later re-purchased tokens.